12 March 2008 17:21 [Source: ICIS news]
HOUSTON (ICIS news)--Another string of paraffinic base oil price hikes hit the Americas as ConocoPhillips, SK E&P, Chevron and PDVSA announced plans to lift posted prices by 7 to 15 cents/gal, buyers confirmed on Tuesday.
Chevron increased its Group II paraffinic base oil prices for 220 and 600 grades by 15 cents/gal, effective 11 March. The company said it planned to keep its 100 grade price unchanged.
Chevron’s posted price for 100 grade has been holding at $3.30/gal since 5 December, according to global chemical market intelligence service ICIS pricing.
Effective 7 March, ConocoPhillips issued hikes on 80, 110 and 600 grades by 10 cents/gal, 225 grade by 11 cents, and 70 grade by 7 cents. On its Group III oils, Conoco increased prices by 15 cents/gal across the board, effective on 7 March.
SK E&P raised its Group III base stocks by 15 cents/gal, effective 10 March.
PDVSA increased prices from Venezuela effective 5 March. Prices for grades 85, 100, 150, and 300 were lifted by 15 cents/gal, and prices for 600 grade and brightstock increased by 20 cents/gal.
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